Month: September 2019

Wednesday, October 16th, 2019

9:30am-11:30am, Light Lunch: 11:30am-12:30pm

City View Room, 7th Floor

Elliott School of International Affairs

1957 E St NW, Washington, DC 20052

Synopsis

The nexus between financial governance, macroeconomic and financial stability, social cohesion, and environmental sustainability has become the subject of a growing debate among policymakers and market participants. Current beliefs on central banking and financial regulation are being questioned in the face of systemic challenges such as rising income inequality, growing market concentration, political polarization, accelerating climate change, and  disruptions from new financial technologies.  

Do the mandates and instruments of financial authorities remain fit for purpose? Do the objectives and operations of central banks and financial regulators, along with their independence and accountability, need revision to deal with the rapidly changing conditions of the 21st century? How do financial authorities ensure alignment with longer term policy goals? To what extent should social and environmental sustainability feature on their agendas?

The panel discussion will examine this important debate, including the following questions: 

• What objectives should central banks and financial regulators pursue?
• What reforms, if any, are required to reflect these objectives in mandates, instruments, and institutions?
• What could be the pathways to reform?

Agenda

9.00 – 9.30 am:  Arrival of panelists and participants

9.30 – 9.45 am: Welcome and Introductory Remarks

James Foster, Oliver T. Carr, Jr. Professor of International Affairs and Economics, and Director, Institute for International Economic Policy (IIEP), Elliott School of International Affairs, George Washington University (GWU).

Sunil Sharma, Distinguished Visiting Scholar, IIEP, Elliott School, GWU, former Assistant Director, Research Department, IMF.

9.45 – 11.30 am: Panel Discussion and Q & A

Patrick Honohan, Honorary Professor of Economics, Trinity College, Dublin, Ireland; former Governor, Central Bank of Ireland.

Signe Krogstrup, Assistant Governor, Head of Economics and Monetary Policy, Danmarks Nationalbank; former Adviser, Research Department, IMF.

Gillian Tett, Chair, Editorial Board, and Editor-at-Large, US, The Financial Times. 

William White, Senior Fellow, C.D. Howe Institute, Canada; and former Economic Adviser and Head of the Monetary and Economic Department, Bank for International Settlements.

Moderator: Alexander Barkawi, Director, Council on Economic Policies, Switzerland.

11.30 am – 12.30 pm: Light Lunch 

Organizing Committee: Alexander Barkawi (CEP), Kyle Renner (IIEP, GWU), Sunil Sharma (IIEP, GWU), Simon Zadek (UNDP).

Co-sponsored by the Council on Economic Policies

Wednesday, October 16, 2019
4:45 p.m.-6:00 p.m.
City View Room, 7th Floor
Elliott School of International Affairs
1957 E Street, NW
Washington, D.C., 20052

The aim of the high-level panel is to consider the host of new economic challenges facing policymakers, as they face increased global uncertainty. In Emerging Market Economies in particular, trade wars, uncertain monetary stances, disruptive technologies, and increased nationalism have created new sets of policy problems for governments attempting to deal with their domestic concerns in an increasingly fractured global environment.

Speakers include: 

Hon. Ahmed Shide, Minister of Finance, Ethiopia.
Dr. Reza Moghadam, Vice Chairman, Morgan Stanley International.
Dr. Joaquim Levy, former Minister of Finance, Brazil.

Moderator: Dr.Danny Leipziger, Professor of International Business and International Affairs, George Washington University and Managing Director of the Growth Dialogue.

This event is co-sponsored by the Growth Dialogue at the George Washington School of Business and the Latin American and Hemispheric Studies M.A. program (LASP).

Patrick C. Fine is the Chief Executive Officer of FHI 360, a nonprofit human development organization dedicated to improving lives in lasting ways by advancing integrated, locally driven solutions.

Before joining FHI 360, Fine served as the Vice President for Compact Operations at the Millennium Challenge Corporation (MCC), where he helped to shape nontraditional approaches to U.S. bilateral assistance through his oversight of large-scale investment partnerships with 24 countries. From 2006 to 2010, he was Senior Vice President of the Global Learning Group at the Academy for Educational Development (AED).

As a career member of the Foreign Service at the U.S. Agency for International Development (USAID), Fine served as the Senior Deputy Assistant Administrator in the Africa Bureau and Mission Director in Afghanistan, where he led the rapid expansion of U.S. assistance for reconstruction and development…read more